TURTLE BEACH CORPORATION ANNOUNCES PRIVATE SUBORDINATED NOTE OFFERING TO ITS CONTROLLING SHAREHOLDER
San Diego, CA – April 24, 2015 – Turtle Beach Corporation (NASDAQ: HEAR), the leading-edge audio technology company today announced it has issued a $5.0 million subordinated note to SG VTB Holdings, LLC (“SG VTB”). The subordinated note bears interest at a rate of 10% per annum until April 20, 2016 (the maturity date of the subordinated note) and 20% per annum for all periods thereafter. SG…